Emergency Lighting Market
Emergency Lighting Market Global Industry Assessment & Forecast
- By Product Self-Contained Power System, Central Power System, Hybrid Power System
- By Application Residential, Commercial, Industrial.
|Revenue :||6.68 Billion|
|Revenue CAGR ( - ):||7.83|
|Fastest Growing Region ( - )||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The global Emergency Lighting market was valued at USD 6.68 Billion in 2020 and is projected to reach USD 12.21 Billion by 2028, growing at a CAGR of 7.83% from 2021 to 2028.
|Historical Data (Actual Data)||2016-2020|
|Base Year Data||2020|
|Current Year Date||2021|
|Projected year data||2021-2028|
|Annual Market Size (2028)||12.21 Billion|
|Annual Market Size (2021)|
|CAGR (2021 - 2028)||7.83%|
Overview and Description
Emergency lighting refers to battery-backed or otherwise independently powered light sources that are designed to activate when a power outage creates low-visibility conditions in a workplace.
The global Emergency Lighting market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028.
COVID-19 Impact Analysis
COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Technological advancements in the lighting industry such as a focus on low carbon emission LED has created a lucrative scope and created a positive scope for the overall market growth.
Growth in the construction sector specifically in developing countries has created multiple opportunities are needed to provide huge growth possibilities in the market.
High capital investment and operational cost hamper the growth and market trend.
Global Emergency Lighting Market Report Scope
|Market Size Provided for Years||2016-2028|
|Market Size Provided In Terms Of||Revenue & Volume|
|Segments Covered||Product, Application|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Countries Covered||The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Companies Covered||Eaton, NormaGrup (Normalux), ABB, Daisalux, Emerson, STAHL, Olympia Electronics, Philips, Clevertronics, Notlicht, Mule, Ventilux, LINERGY, RZB, ZFE, Sagelux, Acuity Brands, Hubbell, Schneider, Legrand, MPN, Zhongshan AKT.|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Global Emergency Lighting Market: Product Segment Analysis
- Self-Contained Power System
- Central Power System
- Hybrid Power System
Global Emergency Lighting Market: Application Segment Analysis
Regional Analysis: Preview
Based on region, the global Emergency Lighting market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Emergency Lighting market are Eaton, NormaGrup (Normalux), ABB, Daisalux, Emerson, STAHL, Olympia Electronics, Philips, Clevertronics, Notlicht, Mule, Ventilux, LINERGY, RZB, ZFE, Sagelux, Acuity Brands, Hubbell, Schneider, Legrand, MPN, Zhongshan AKT.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Market Size, 2021 (USD Billion)
Global Emergency Lighting Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Key Highlights – Global Emergency Lighting Market
- Global Emergency Lighting Market is projected to reach USD 12.21 Billion by 2028
- North America held the highest share of the Emergency Lighting market
- Central power system held the largest share of the product segment in the Emergency Lighting market
- Industrial held the major share of the application segment in the Emergency Lighting market
Frequently Asked Question
What is the global demand for Emergency Lighting in terms of revenue?
The global Emergency Lighting valued at 6.68 Billion in 2020 and is expected to reach 12.21 Billion in 2028 growing at a CAGR of 7.83%.
Which are the prominent players in the market?
The prominent players in the market are Eaton, NormaGrup (Normalux), ABB, Daisalux, Emerson, STAHL, Olympia Electronics, Philips, Clevertronics, Notlicht, Mule, Ventilux, LINERGY, RZB, ZFE, Sagelux, Acuity Brands, Hubbell, Schneider, Legrand, MPN, Zhongshan AKT..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 7.83% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
The driving factors of the Emergency Lighting include
- Technological advancements in the lighting industry such as a focus on low carbon emission LED has created a lucrative scope and created a positive scope for the overall market growth.
- Growth in the construction sector specifically in developing countries has created multiple opportunities are needed to provide huge growth possibilities in the market.
Which region accounted for the largest share in the market?
North America was the leading regional segment of the Emergency Lighting in 2020.